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State and Trends of Carbon Pricing 2026
May 27 , 2026
11 hrs 0 min
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- The World Bank Group released the 13th edition of the “State and Trends of Carbon Pricing 2026” report.
- The report identified India as one of the world’s largest new carbon markets after the launch of the Carbon Credit Trading Scheme (CCTS) in 2026.
- The report stated that carbon pricing systems now cover 29% of global greenhouse gas (GHG) emissions.
- Global revenues from Emissions Trading Systems (ETS) and carbon taxes increased from less than 30 billion US dollars in 2016 to more than 107 billion US dollars in 2025.
- India’s Carbon Credit Trading Scheme (CCTS) is administered by the Bureau of Energy Efficiency (BEE) under the Ministry of Power.
- India’s Carbon Credit Trading Scheme replaced the Perform, Achieve and Trade (PAT) Scheme and supports India’s target of net zero emissions by 2070.
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